Progress Software (PRGS) unveiled AI-powered upgrades to its Sitefinity content management platform, aimed at accelerating content creation and enhancing digital customer engagement.The new Sitefinity 15.3 release integrates embedded Generative AI (Gen AI) services, enabling marketers to summarize content, personalize messages, and generate tags within the platform. PRGS features AI-enhanced media search, allowing users to find visuals using natural language, and built-in Azure AI translation for efficient ...

Core Insights - Progress has announced significant AI innovations in its Sitefinity content management platform, enhancing marketers' ability to create, manage, and optimize content efficiently [1][2][3] Group 1: AI Innovations - The new features include AI-powered media search, advanced translation capabilities, and intelligent content optimization, which streamline workflows and improve engagement in an AI-driven marketplace [2][8] - Sitefinity 15.3 introduces embedded AI services that allow users to summarize content, improve writing, personalize messages, and generate tag suggestions within the platform [8] Group 2: Market Position and Competitive Advantage - Loren Jarrett, EVP & GM of Digital Experience at Progress, emphasized that organizations not leveraging AI capabilities will face a competitive disadvantage [3] - Sitefinity is positioned as a leading solution for marketers, developers, and content teams, providing advanced tools to deliver superior digital experiences [3] Group 3: Product Features and Flexibility - Sitefinity is a modern, cloud-based, AI-powered enterprise-grade CMS, now supporting Next.js, which enhances flexibility, upgradeability, and extensibility for businesses [4] - The platform allows for enhanced integration with BI systems, enabling users to export marketing data for sophisticated analysis and application of custom AI models [8]

Progress Software Co. NASDAQ: PRGS offers artificial intelligence (AI)-powered infrastructure and business application development platforms. Its services enable businesses to better manage and leverage their data with AI-powered tools. The company has been integrating its $875 million acquisition of ShareFile, an AI-powered workflow automation and document collaboration platform. The computer and technology sector leader may finally be reversing course, bouncing off nine-month lows as momentum accelerates, ...

Core Insights - Progress Software (PRGS) shares increased by 14.5% to close at $58.98 following strong first-quarter fiscal 2025 results, with non-GAAP earnings of $1.31 per share, surpassing estimates by 25.96% and showing a 4.8% year-over-year increase [1][2] Financial Performance - Non-GAAP revenues reached $238 million, exceeding consensus by 0.92% and reflecting a 29% year-over-year increase; on a constant currency basis, the growth was 30% [2] - Annualized Recurring Revenue (ARR) was reported at $836 million, up 48% year-over-year, driven by strong performance from ShareFile and other solutions, with a net retention rate above 100% [2] - Software license revenues decreased to $58.4 million, down 8.8% year-over-year, while maintenance and service revenues rose to $179.6 million, up 48.9% year-over-year [3] - Non-GAAP operating margin was reported at 39.3%, a contraction of 220 basis points year-over-year [4] Expense Management - Sales and marketing expenses increased by 40 basis points to 21.6% of revenues, while product development expenses rose by 50 basis points to 19.5% [3] - General and administrative expenses decreased by 80 basis points to 10.8% of revenues [4] Balance Sheet and Cash Flow - As of February 28, 2025, cash and cash equivalents were $124.2 million, up from $118.1 million as of November 30, 2024; total debt stood at $1.51 billion with a net debt position of $1.39 billion [5] - The company generated $73.2 million in adjusted free cash flow and allocated $30 million for debt repayment and $30 million for share repurchases [5][6] Future Outlook - For fiscal 2025, non-GAAP revenues are projected between $958 million and $970 million, with an expected non-GAAP operating margin of 38% [7] - Non-GAAP earnings per share are forecasted to be between $5.25 and $5.37, an increase from previous guidance [7] - For the second quarter of fiscal 2025, non-GAAP revenues are anticipated to be between $235 million and $241 million, with earnings per share expected between $1.28 and $1.34 [8]

Core Insights - Progress has introduced AI-powered features in its ShareFile platform to enhance efficiency, strengthen data security, and accelerate document collection by nearly 3.5 times [1][2][3] Company Overview - Progress is a provider of AI-powered digital experience and infrastructure software, enabling organizations to achieve transformational success [5] - The company serves over 4 million developers and technologists across hundreds of thousands of enterprises [5] Product Features - ShareFile utilizes AI to automate low-value, repetitive tasks, allowing teams to focus on building meaningful customer relationships [2][3] - The platform enables users to collect documents nearly 3.5 times faster and extract information from documents up to 96% faster [2] - New AI-powered benefits include document summarization, which allows users to quickly analyze lengthy documents, significantly improving productivity [3][6] Security Enhancements - The secure share recommender feature automates safer share settings, helping organizations standardize secure data practices and protect sensitive information [6] - The platform enhances document workflows by embedding AI deeply into business processes for lasting impact [3][6] Efficiency Improvements - Document request list generation uses Generative AI to create ready-to-send document request lists, reducing manual processes and increasing efficiency [6] - By automating tedious administrative tasks, ShareFile allows professionals to focus on high-value work that drives success [3][6]

Managed file transfer solution recognized for excellence based on user reviews BURLINGTON, Mass., April 01, 2025 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that its Progress® MOVEit® managed file transfer (MFT) software has been recognized with a 2025 Best Software Award from G2 in the Best IT Infrastructure Products category. Out of 6,562 total products in this category, and 1,856 eligible for the 2025 award ...

Unlike traditional methods, such as FTP and email, MOVEit promotes secure, automated and compliant file transfer for businesses looking to reduce inefficiencies and risk. For more information about Progress MOVEit, visit www.progress.com/moveit. About Progress Progress (Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and digital experiences with agil ...

This presentation contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Progress has identified some of these forward-looking statements with words like "believe," "may," "could," "would," "might," "should," "expect," "intend," "plan," "target," "anticipate" and "continue," the negative of these words, other terms of similar meaning or the use of future dates. ...

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. For th ...

Progress Software (PRGS) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 25.96%. A quarter ago, it was expected that this business software maker would post earnings of $1.21 per share when it actually produced earnings of $1.33, delivering a surprise of 9.92%. While Progress Softwar ...